Clear Street Initiates Coverage of Amber International (AMBR) with "Buy" Rating and a Target Price of $11

Group 1 - Clear Street has initiated coverage of Amber International (NASDAQ: AMBR) with a "Buy" rating and a target price of $11.00, indicating significant upside potential from the recent closing price of $5.34 [1] - The stock is currently trading at 3.8 times projected enterprise value to revenue for 2027, highlighting its valuation attractiveness [2] - Amber International is expected to achieve a compound annual revenue growth rate (CAGR) of around 25% through 2027, supported by its asset-light operating model [3] Group 2 - The company has launched a $100 million crypto ecosystem reserve strategy, which is identified as a key near-term growth driver [2] - Amber International is rapidly expanding across the Asia-Pacific and EMEA markets to capture institutional demand [2] - The company offers scalable, fee-based services aimed at facilitating institutional adoption of digital assets, focusing on wealth management, trade execution, and payment solutions [3]